FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION
                          WASHINGTON, D.C. 20549-1004

          [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

               For the quarterly period ended September 30, 1995

                                       OR

         [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

               For the transition period from         to
                                              -------    -------


                        Commission File Number 33-43508


                       NORTH ATLANTIC ENERGY CORPORATION
             (Exact name of registrant as specified in its charter)

              NEW HAMPSHIRE                     06-1339460
    (State or other jurisdiction              (I.R.S. Employer
   of incorporation or organization)         Identification No.)

1000 ELM STREET, MANCHESTER, NEW HAMPSHIRE                03105
(Address of principal executive offices)                (Zip Code)

                                 (603) 669-4000
              (Registrant's telephone number, including area code)








                                 Not Applicable
              (Former name, former address and former fiscal year,
                         if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.

                             Yes  X          No

Indicate the number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practicable date.

                 Class                    Outstanding at October 31, 1995

     Common Shares, $1.00 par value                  1,000 shares
                       NORTH ATLANTIC ENERGY CORPORATION


                               TABLE OF CONTENTS



                                                   Page No.

Part I.   Financial Information

     Item 1.   Financial Statements

          Balance Sheets - September 30, 1995 and
          December 31, 1994                                      2

          Statements of Income - Three and Nine
          Months Ended September 30, 1995 and 1994               4

          Statements of Cash Flows - Nine Months
          Ended September 30, 1995 and 1994                      5

          Notes to Financial Statements                          6

     Item 2.   Management's Discussion and Analysis
               of Financial Condition and Results
               of Operations                                     8

Part II.  Other Information

     Item 1.   Legal Proceedings                                12








     Item 5.   Other Information                                12

     Item 6.   Exhibits and Reports on Form 8-K                 13

Signatures                                                      14





                                   PART I.  FINANCIAL INFORMATION

NORTH ATLANTIC ENERGY CORPORATION

BALANCE SHEETS
(Unaudited)
<TABLE>
<CAPTION>

                                                              September 30,  December 31,
                                                                  1995           1994
                                                             -------------  -------------
                                                                 (Thousands of Dollars)
<S>                                                             <C>            <C>
ASSETS
------

Utility Plant, at original cost:
  Electric................................................   $    770,960   $    769,379

     Less: Accumulated provision for depreciation.........         93,525         75,176
                                                             -------------  -------------
                                                                  677,435        694,203
  Construction work in progress...........................          5,456          3,704
  Nuclear fuel, net.......................................         17,884         19,797
                                                             -------------  -------------
      Total net utility plant.............................        700,775        717,704
                                                             -------------  -------------

Other Property and Investments:
  Nuclear decommissioning trusts, at market...............         14,042         10,342
  Other, at cost..........................................            222            222
                                                             -------------  -------------
                                                                   14,264         10,564
                                                             -------------  -------------
Current Assets:
  Cash and special deposits...............................         24,864          8,166




  Notes receivable from affiliated companies..............          2,250         28,750
  Receivables from affiliated companies...................         13,285         13,983
  Materials and supplies, at average cost.................         11,457         10,036
  Prepayments and other...................................          2,532          2,149
                                                             -------------  -------------
                                                                   54,388         63,084
                                                             -------------  -------------

Deferred Charges:
  Regulatory assets:
   Deferred costs--Seabrook...............................        154,666        131,513
   Income taxes, net......................................         39,823         30,461
   Recoverable energy costs...............................          4,414          4,624
  Unamortized debt expense................................          4,349          4,834
  Other...................................................            598            795
                                                             -------------  -------------
                                                                  203,850        172,227
                                                             -------------  -------------
      Total Assets........................................   $    973,277   $    963,579
                                                             =============  =============



</TABLE>











See accompanying notes to financial statements.






NORTH ATLANTIC ENERGY CORPORATION

BALANCE SHEETS
(Unaudited)
<TABLE>
<CAPTION>

                                                              September 30,  December 31,
                                                                  1995           1994
                                                             -------------  -------------
                                                                 (Thousands of Dollars)
<S>                                                             <C>            <C>
CAPITALIZATION AND LIABILITIES
------------------------------

Capitalization:
  Common stock--$1 par value. Authorized
   and outstanding 1,000 shares..........................    $          1   $          1
  Capital surplus, paid in................................        160,999        160,999
  Retained earnings.......................................         58,931         59,236
                                                             -------------  -------------
           Total common stockholder's equity..............        219,931        220,236
  Long-term debt..........................................        520,000        540,000
                                                             -------------  -------------
           Total capitalization...........................        739,931        760,236
                                                             -------------  -------------


Current Liabilities:
  Long-term debt--current portion.........................         20,000         20,000
  Accounts payable........................................            120          4,073
  Accounts payable to affiliated companies................            148             38
  Accrued interest........................................         17,911         18,288
  Accrued taxes...........................................          3,654          1,439
  Deferred DOE obligation--current portion................            845            845




  Other...................................................             17            329
                                                             -------------  -------------
                                                                   42,695         45,012
                                                             -------------  -------------
Deferred Credits:
  Accumulated deferred income taxes.......................        153,593        120,250
  Deferred obligation to affiliated company...............         33,284         33,284
  Deferred DOE obligation.................................          3,552          3,553
  Deferred Seabrook tax settlement obligation.............           -             1,022
  Other...................................................            222            222
                                                             -------------  -------------
                                                                  190,651        158,331
                                                             -------------  -------------



Commitments and Contingencies (Note 4)<F4>
                                                             -------------  -------------
           Total Capitalization and Liabilities...........   $    973,277   $    963,579
                                                             =============  =============



</TABLE>












See accompanying notes to financial statements.



NORTH ATLANTIC ENERGY CORPORATION

STATEMENTS OF INCOME
(Unaudited)
<TABLE>
<CAPTION>
                                                      Three Months Ended     Nine Months Ended
                                                         September 30,         September 30,
                                                    --------------------- ---------------------
                                                       1995       1994       1995       1994
                                                    ---------- ---------- ---------- ----------
                                                              (Thousands of Dollars)

<S>                                                   <C>        <C>        <C>        <C>
Operating Revenues................................. $  39,696  $  37,603  $ 110,042  $ 109,825
                                                    ---------- ---------- ---------- ----------
Operating Expenses:
  Operation --
     Fuel..........................................     3,450      2,152      9,577      3,828
     Other.........................................     8,529      8,643     24,467     28,702
  Maintenance......................................     2,276      4,019      5,601     14,188
  Depreciation.....................................     5,865      5,743     17,454     17,049
  Federal and state income taxes...................     2,743      2,201      7,423      5,829
  Taxes other than income taxes....................     3,038      2,994      7,999      9,066
                                                    ---------- ---------- ---------- ----------
        Total operating expenses...................    25,901     25,752     72,521     78,662
                                                    ---------- ---------- ---------- ----------
Operating Income...................................    13,795     11,851     37,521     31,163
                                                    ---------- ---------- ---------- ----------

Other Income:
  Deferred Seabrook return--other funds............     2,277      3,799      7,068      9,859
  Other, net.......................................       411        104      1,276        491
  Income taxes--credit.............................       407        903      2,755      2,619
                                                    ---------- ---------- ---------- ----------








        Other income, net..........................     3,095      4,806     11,099     12,969
                                                    ---------- ---------- ---------- ----------
        Income before interest charges.............    16,890     16,657     48,620     44,132
                                                    ---------- ---------- ---------- ----------
Interest Charges:
  Interest on long-term debt.......................    15,553     16,006     47,413     48,017
  Other interest...................................      (166)      (110)      (403)      (189)
  Deferred Seabrook return--borrowed funds.........    (5,411)    (7,400)   (16,085)   (25,225)
                                                    ---------- ---------- ---------- ----------
        Interest charges, net......................     9,976      8,496     30,925     22,603
                                                    ---------- ---------- ---------- ----------

Net Income......................................... $   6,914  $   8,161  $  17,695  $  21,529
                                                    ========== ========== ========== ==========

</TABLE>












See accompanying notes to financial statements.




NORTH ATLANTIC ENERGY CORPORATION
STATEMENTS OF CASH FLOWS
(Unaudited)
<TABLE>
<CAPTION>
                                                                Nine Months Ended
                                                                  September 30,
                                                             -----------------------
                                                                 1995        1994
                                                             ----------- -----------
                                                              (Thousands of Dollars)
<S>                                                             <C>         <C>
Operating Activities:
  Net Income................................................ $   17,695  $   21,529
  Adjustments to reconcile to net cash
   from operating activities:
    Depreciation............................................     17,454      17,049
    Deferred income taxes and investment tax credits, net...     23,980      26,301
    Deferred return - Seabrook..............................    (23,153)    (35,084)
    Recoverable energy costs, net of amortization...........        211        -
    Other sources of cash...................................      8,193       3,791
    Other uses of cash......................................     (1,024)     (1,811)
  Changes in working capital:
    Receivables.............................................        698       9,750
    Materials and supplies..................................     (1,421)     (2,346)
    Accounts payable........................................     (3,843)      5,812
    Accrued taxes...........................................      2,215       4,761
    Other working capital (excludes cash)...................     (1,072)      2,255
                                                             ----------- -----------
Net cash flows from operating activities....................     39,933      52,007
                                                             ----------- -----------


Financing Activities:



  Reacquisitions and retirements of long-term debt..........    (20,000)       -
  Cash dividends on common stock............................    (18,000)     (5,000)
                                                             ----------- -----------
Net cash flows used for financing activities................    (38,000)     (5,000)
                                                             ----------- -----------

Investment Activities:
  Investment in plant:
    Electric utility plant..................................     (3,830)    (11,672)
    Nuclear fuel............................................     (5,079)       (742)
                                                             ----------- -----------
  Net cash flows used for investments in plant..............     (8,909)    (12,414)
  NU System Money Pool......................................     26,500     (36,750)
  Other investment activities, net..........................     (2,826)     (2,697)
                                                             ----------- -----------
Net cash flows from (used for) investments..................     14,765     (51,861)
                                                             ----------- -----------
Net Increase (Decrease) In Cash For The Period..............     16,698      (4,854)

Cash and special deposits - beginning of period.............      8,166       8,404
                                                             ----------- -----------
Cash and special deposits - end of period................... $   24,864  $    3,550
                                                             =========== ===========

</TABLE>














See accompanying notes to financial statements.


                       NORTH ATLANTIC ENERGY CORPORATION

              NOTES TO FINANCIAL STATEMENTS (UNAUDITED)


1.   General

The accompanying unaudited financial statements should be read in conjunction
with the Annual Report of North Atlantic Energy Corporation (the company or
NAEC), a wholly owned subsidiary of Northeast Utilities (NU), on Form 10-K for
the year ended December 31, 1994 (1994 Form 10-K).  In the opinion of the
company, the accompanying financial statements contain all adjustments necessary
to present fairly the financial position as of September 30, 1995, the results
of operations for the three and nine months ended September 30, 1995 and 1994,
and the statements of cash flows for the nine months ended September 30, 1995
and 1994.  The results of operations for the three and nine months ended
September 30, 1995 and 1994 are not necessarily indicative of the results
expected for a full year.

Certain reclassifications of prior period data have been made to conform with
the current period presentation.

2.   Accounting for Long-Lived Assets

The company's accounting policies and the accompanying financial statements
conform to generally accepted accounting principles applicable to rate-regulated
enterprises and reflect the effects of the ratemaking process in accordance with
Statement of Financial Accounting Standards No. 71, "Accounting for Certain
Types of Regulation" (SFAS 71).  If any portion of the company's operations was
no longer subject to the provisions of SFAS 71, as a result of a change in the
cost-of-service based regulatory structure or the effects of competition, the

company would be required to write off related regulatory assets and
liabilities.  The company would also be required to determine any impairment to
other assets and write down these assets to their fair value.

Statement of Financial Accounting Standards No. 121, "Accounting for the
Impairment of Long-Lived Assets and Long-Lived Assets to be Disposed Of" (SFAS
121), issued in March 1995 and effective January 1, 1996, establishes accounting
standards for the impairment of long-lived assets.  SFAS 121 requires that
regulatory assets that are no longer probable of recovery through future
revenues be charged to earnings.  Based upon the current regulatory environment
in the company's operating service area, it is not expected that the adoption of
SFAS 121 would have a material impact on the company's financial position or
results of operations.  This conclusion may change in the future as competitive
factors influence wholesale and retail pricing in the electric utility industry,
or if the cost-of-service based regulatory structure were to change.



3.   Capitalization

In December 1995, NAEC plans to complete a $225 million variable rate note
facility with a group of  banks.  NAEC has called the entire $205 million
principal amount of its 15.23 percent notes, due 2000, in early November, with
funding in early December from the proceeds of the variable rate note facility.
An interest rate swap is also planned to reduce the variability in the interest
rate on the new notes.  The refinancing is expected to save approximately
$3 million annually over the next five years.

4.   Commitments and Contingencies

Construction Program:  For information regarding NAEC's construction program,
see the Notes to Financial Statements in NAEC's 1994 Form 10-K.

Environmental Matters:  For information regarding environmental matters, see the
Notes to Financial Statements in NAEC's 1994 Form 10-K.

Nuclear Insurance Contingencies:  For information regarding nuclear insurance
contingencies, see the Notes to Financial Statements in NAEC's 1994 Form 10-K.



                       NORTH ATLANTIC ENERGY CORPORATION


               Management's Discussion and Analysis of Financial
                      Condition and Results of Operations


This section contains management's assessment of NAEC's (the company) financial
condition and the principal factors having an impact on the results of
operations.  The company is a wholly owned subsidiary of Northeast Utilities
(NU).  This section should be read in conjunction with the company's financial
statements, footnotes, and Part II, Other Information, of this report and
Management's Discussion and Analysis in the 1994 Form 10-K and the First Quarter
and Second Quarter 1995 Form 10-Qs.

FINANCIAL CONDITION

Overview
The Company and Public Service Company of New Hampshire (PSNH) entered into the
Seabrook Power Contract (Contract), under which PSNH is obligated to buy from
the company, and the company is obligated to sell to PSNH, all of the company's
capacity and output of its 35.6 percent share of the Seabrook 1 nuclear power
plant (Seabrook) for a period equal to the length of the Nuclear Regulatory
Commission full-power operating license for Seabrook (through 2026).  Under the
Contract, PSNH is unconditionally obligated to pay the company's "cost of
service" during the period whether or not Seabrook is operating and without
regard to the cost of alternative sources of power.  In addition, PSNH will be
obligated to pay decommissioning and project cancellation costs after the
termination of the operating license.

The company's "cost of service" includes all of its prudently incurred Seabrook-
related costs, including operation and maintenance expense, fuel expense,
property tax expense, depreciation expense, certain overhead and other costs,
and a phased-in return on its Seabrook investment.  The Contract established the
initial recoverable investment in Seabrook at $700 million (Initial Investment),
plus any capital additions, net of depreciation.

The company's only assets are Seabrook and other Seabrook-related assets and its
only source of revenue is the Contract.  PSNH's obligations under the Contract
are solely its own and have not been guaranteed by NU.  The  Contract contains
no provisions entitling PSNH to terminate its obligations.  If, however, PSNH
were to fail to perform its obligations under the Contract, the company would be
required to find other purchasers for Seabrook power.

For the three-month and nine-month periods ended September 30, 1995 net income
decreased by approximately $1 million and $4 million respectively.  The decrease
in net income for the nine-month period
is due primarily to a one-time adjustment to correct the deferred
Seabrook return balance.


Workforce Reductions

In July 1995, NU announced a program aimed at reducing the nuclear
organization's total workforce by approximately 250 employees.  The NU system-
wide estimated pre-tax cost of the early retirement that was charged to expense
in the third quarter was approximately $7 million. This estimate was based on
121 eligible employees accepting the early retirement.  The balance of the
workforce reduction will be achieved through attrition and layoffs.  The
estimated cost to the NU system of the early retirements and layoffs could be in
the range of $2 million to $3 million.


Rate Matters

As of September 30, 1995, NAEC has included in rates $595 million of its initial
Seabrook investment.  The remaining investment ($105 million) will be phased
into rates in May 1996.  As of September 30, 1995, the deferred return
associated with the amount of investment that has not been included in rates was
approximately $206 million, including approximately $51 million which is
recorded as utility plant.  This amount and the additional deferred amounts
associated with the remaining phase-in will be recovered under the Contract over
the period December 1997 through May 2001.

Seabrook Performance

Seabrook operated at a capacity factor of approximately 93 percent for the nine
months ended September 30, 1995, as compared to approximately 49 percent for the
same period in 1994.  The lower 1994 capacity factor was primarily the result of
a 23-day shutdown for an unplanned outage that began in January and a 114-day
refueling and maintenance outage that began in April.  In November 1995,
Seabrook began a 50 day refueling and maintenance outage.


Liquidity and Capital Resources

Cash provided from operations decreased approximately $12 million for the first
nine months in 1995, as compared with the same period in 1994, primarily due to
a decrease in working capital.  Cash flows used for financing activities were
approximately $33 million higher in 1995 primarily due to the $20 million
sinking fund repayment of NAEC's Series A Bonds beginning in 1995 and the
payment of cash dividends on common stock in 1995.  Cash used for investments
was approximately $7 million lower in 1995 primarily due lower short-term loans
to other NU system companies under the NU system Money Pool.

The company's construction program expenditures amounted to approximately $4
million for the first nine months of 1995, as compared to approximately $12
million for 1994.  The decrease is due to expenditures incurred as a result of
NAEC's purchase of Vermont Electric Generation and Transmission Company's 0.4
percent share of Seabrook in 1994.
The company has ongoing cash requirements for Seabrook-related capital
expenditures, nuclear fuel expenditures, interest and operating expenses.  Such
cash requirements are expected to be met from payments under the Contract and
the Tax Allocation Agreement, except that to the extent some or all of the
capital expenditures and nuclear fuel expenditures may have to be financed, the
company expects to borrow under the Money Pool.  As of September 30, 1995, there
were no borrowings outstanding under the Money Pool.

A substantial portion of the company's cash flow consists of payments made by NU
to the company under a Tax Allocation Agreement that the company entered into
with NU at the time of the acquisition.  The amount of such payments will
decrease over time but is expected to remain substantial during the next few
years when the company is expected to incur losses for tax purposes due to
accelerated tax depreciation of Seabrook.  No assurance can be given, however,
as to the extent of the future benefits, if any, that will actually accrue to
the company under the Tax Allocation Agreement.


On October 18, 1995, Moody's Investors Service lowered its ratings of PSNH and
NAEC securities, bringing the rating for PSNH's First Mortgage Bonds below
investment grade. Standard and Poor's had previously downgraded PSNH and NAEC
securities below investment grade. With both of the major nationally recognized
securities rating organizations that rate PSNH and NAEC securities rating them
below investment grade, PSNH's and NAEC's borrowing costs have been adversely
affected and the future availability and cost of funds for those companies could
be adversely affected.


RESULTS OF OPERATIONS

Comparison of Third Quarter of 1995 with the Third Quarter
----------------------------------------------------------
of 1994
-------

Operating revenues represent amounts billed to PSNH under the terms of the
Contract and billings to PSNH for decommissioning expense.  Operating revenues
increased approximately $2 million in the third quarter of 1995 primarily due to
the increased return associated with the phase-in of additional Seabrook plant
in May 1995.
Deferred Seabrook return - other and borrowed funds decreased approximately $4
million in the third quarter of 1995, as compared with 1994, primarily because
additional Seabrook investment was phased into rates in May 1995.






Comparison of First Nine Months of 1995 with the First Nine Months
------------------------------------------------------------------
of 1994
-------
Fuel expense increased approximately $6 million for the first nine months of
1995 as a result of better performance of Seabrook.

Operation and maintenance expenses decreased approximately $13 million in the
first nine months of 1995 primarily due costs associated with the Seabrook
outage in 1994.

Deferred Seabrook return - other and borrowed funds decreased approximately $12
million in the first nine months of 1995
primarily because additional Seabrook investment was phased into rates in May
1994 and 1995 and a one-time adjustment of approximately $5 million was made in
June 1995 to correct the deferred Seabrook return balance.


                           PART II. Other Information


Item 1.   Legal Proceedings

1.   On or about November 1, 1995, the New Hampshire Office of Consumer Advocate
(OCA) and the Campaign for Ratepayers Rights filed suit in Superior Court
against the NHPUC seeking a declaratory ruling that special contracts entered
into by and between PSNH and certain retail customers are prohibited by the 1989
rate agreement between PSNH and the State of New Hampshire (Rate Agreement). The
petition is based on an alleged inconsistency between the New Hampshire statute
that allows special contracts agreed to by a utility and a customer when deemed
appropriate by the NHPUC and the legislation accepting the Rate Agreement
wherein PSNH received protection against NHPUC actions fixing rates other than
in the manner agreed upon in the Rate Agreement.  The court petition alleges
that the special contracts also constitute a breach of the Rate Agreement by
PSNH, thereby stopping PSNH from claiming benefits under the Rate Agreement.
The New Hampshire Attorney General will represent the NHPUC in this action.
While PSNH believes this proceeding should be dismissed on procedural grounds,
it cannot predict the outcome of this proceeding or its ultimate effect on PSNH
or NAEC at this time.

Item 5.   Other Information

1.   On October 9, 1995, the NHPUC issued preliminary guidelines for an Electric
Retail Competition Pilot Program (Program).  The Program is proposed to be a
three-year retail wheeling experiment under which a randomly selected group of
retail users will be free to purchase up to 60 MW of power from other suppliers
besides their franchised local utility, of which 44 MW of the prospective loss
is allocated to PSNH. This amount of power equals three percent of PSNH's peak
load.  If the program were implemented as proposed, participants would be
responsible for arranging their own electricity supply and would be free to
negotiate the terms for such supply with any potential supplier.  Under the
proposed guidelines, utilities would not be allowed to charge exit or re-entry
fees to customers who go off and on their systems, but recovery of stranded
costs resulting from the Program would be split equally between utility
investors and participating customers.  Finalization of the guidelines is
expected in December 1995, subject to further comments and hearings.

For additional information on this matter, see "Other Information" in NAEC's
1995 Form 10-Q for the quarter ended June 30, 1995.

2.   On September 1, 1995, PSNH filed a petition with the New Hampshire Supreme
Court, which was accepted on November 2, 1995, appealing the NHPUC's decision in
the proceeding involving Freedom Electric Power Company, now known as Freedom
Energy Company, LLC (Freedom), that PSNH's franchise was not exclusive as a
matter of law.
For additional information on this matter, see "Other Information" in NAEC's
1995 Form 10-Q for the quarter ended June 30, 1995.

3.   New Hampshire's Limited Electrical Energy Producers Act (LEEPA) purportedly
allows a qualifying generator of not greater than 5 MW capacity to sell its
output to up to three retail customers.  LEEPA also provides that the local
franchised utility could be ordered to wheel the energy to these retail
customers.  On October 3, 1995, the NHPUC issued an order stating that the LEEPA
retail wheeling provision was not pre-empted by federal law and that it had
authority to order such retail wheeling service if it was found to be in the
public good. PSNH and Connecticut Valley Electric Company filed motions for
rehearing of this order with the NHPUC on November 2, 1995.

4.   On October 4, 1995, the U.S. Court of Appeals for the District of Columbia
Circuit granted a motion to intervene filed by Northeast Utilities Service
Company, Connecticut Yankee Atomic Power Company and North Atlantic Energy
Service Company as party petitioners in the lawsuit brought by other nuclear
utilities seeking a judicial declaration that the Nuclear Waste Policy Act of
1982, as amended, unconditionally binds the U.S. Department of Energy to begin
acceptance of spent nuclear fuel and high-level radioactive waste beginning on
January 31, 1998.

For additional information on this matter, see "Item 1. Business - Electric
Operations - Nuclear Generation - High-Level Radioactive Waste" in NAEC's 1994
Form 10-K.

Item 6.   Exhibits and Reports on Form 8-K

(a)  Listing of Exhibits:

     Exhibit
     Number         Description
     -------        -----------

       27           Financial Data Schedule

(b)  Reports on Form 8-K:

     No reports on Form 8-K have been filed during this reporting period.



                                   SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.




                                     NORTH ATLANTIC ENERGY CORPORATION
                                     ---------------------------------
                                                Registrant





Date   November 13, 1995      By  /s/ Bernard M. Fox
      --------------------        -----------------------------
                                      Bernard M. Fox
                                      Chairman, Chief Executive
                                        Officer, and Director




Date   November 13, 1995      By  /s/ John W. Noyes
      --------------------        -----------------------------
                                      John W. Noyes
                                      Vice President and Controller